Motilal Oswal has put a "Buy"rating on Prime Focus with a price target of Rs 555.
According to a report released earlier this month, the research house said: "Outsourcing of entertainment technology (ET) services is a huge opportunity for low-cost countries like India. As a global ET player, Prime Focus (PF) is poised to profitably scale up its business with low risks. We expect EPS CAGR of 40% through FY09. Our sum-of-parts target price for PF is Rs555. BUY."
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